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OJSC MAGNIT: Change of Share


Press-release

Krasnodar

October 24, 2013

OJSC "Magnit" Announces Change of Share in the Charter Capital

Krasnodar, October 24, 2013: OJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT), announces change of share in the charter capital of OJSC "Magnit" (ordinary shares stake) owned by Marina Ivanova, the member of the OJSC "Magnit" Management Board, from 0.0069% to 0.00698%.

Name and position of the Marina Ivanova, the member of the OJSC "Magnit" person: Management Board

Company: Open joint-stock company "Magnit", 15/5,

Solnechnaya street, Krasnodar, Russia

Share in charter capital before 0.0069% change:

Ordinary shares stake before 0.0069% change:

Share in charter capital after 0.00698% change:

Ordinary shares stake after 0.00698% change:

Date of change of share in the October 23, 2013

charter capital:

Date of the fact being October 24, 2013 reported:

For further information, please contact:

Timothy Post Director, Investor Relations


                                                                               
                                        Email: post@gw.tander.ru               
                                                                               
                                        Office: +7-861-277-4554 x7600          
                                                                               
                                        Mobile: +7-961-511-7678                
                                                                               
                                        Direct Line: +7-861-277-4562           

Dina Svishcheva Deputy Director, Investor Relations


                                                                               
                                        Email: Chistyak@gw.tander.ru           
                                                                               
                                        Office: +7-861-277-45-54 x5101         
                                                                               
                                        Mobile: +7-961-511-0202                
                                                                               
                                        Direct Line: +7-861-277-4562           

Company description:

Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, the
company is headquartered in the southern Russian city of Krasnodar. As of
September 30, 2013, Magnit operates 19 distribution centers and over 7,600
stores (6,783 convenience, 178 hypermarkets, and 685 cosmetics) in more than
1,760 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2013, Magnit had revenues of $8,796 million USD and an EBITDA of $890 million
USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:
MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit
rating from Standard & Poor's of BB. Measured by market capitalization, Magnit
is now Europe's 2nd largest retailer.



END

-0- Oct/24/2013 12:51 GMT

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